Unemployment in Latvia
Latvia - UnemploymentThe economy kicked into a higher gear in Q4 2018, accelerating from already solid third-quarter growth, although growth appears to have softened at the beginning of 2019. Comprehensive data confirmed that domestic demand led the overall expansion in Q4: Fixed investment surged in the quarter, while household consumption remained robust amid tightening labor market conditions and stable inflation. Turning to Q1 2019, industrial production contracted at the strongest rate in four years in January, amid slower manufacturing output growth and a marked contraction in the energy supply sector. Furthermore, retail sales growth remained somewhat subdued in the same month, likely weighed on by an uptick in unemployment. On top of that, economic sentiment fell to a seven-month low in February, as business confidence deteriorated in all major sectors.
Latvia - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Latvia Unemployment Chart
Source: Central Statistical Bureau of Latvia.
|Bond Yield||0.55||0.0 %||Jun 30|
|Exchange Rate||1.13||0.65 %||Apr 22|
|Stock Market||1,017||0.17 %||Apr 18|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
April 15, 2019
Consumer prices rose 1.1% from the previous month in March, accelerating sharply from February’s 0.1% increase.
April 8, 2019
According to Latvia’s Central Statistical Bureau, industrial output dropped 3.2% in working day-adjusted year-on-year terms in February, an over five-year low and a steeper decline than January’s 1.8% fall.
March 15, 2019
Consumer prices rose 0.1% from the previous month in February, moderating from January’s 0.5% increase.
March 5, 2019
According to Latvia’s Central Statistical Bureau, industrial output fell 1.8% in working day-adjusted year-on-year terms in January, compared to a strong 4.5% expansion in December.
March 1, 2019
According to comprehensive national accounts data released by the Statistical Institute on 1 March, economic growth reached 5.1% on an annual basis in the final quarter of 2018 (previously reported: +5.0% year-on-year), accelerating from the third quarter’s revised 4.5% expansion (previously reported: +4.8% yoy).